Refer to the financial statements of The Home Depot in Appendix A$.($Note: Fiscal $2019$ for The Home Depot runs from February $4,2019,$ to February $2,2020.$ As with many retail companies, The Home Depot labels the period "Fiscal $2019"$ even though it ends in the $2020$ calendar year. The label "Fiscal $2019"$ is appropriate because Fiscal $2019$ includes $11$ months from the $2019$ calendar year. The Home Depot explains its choice of fiscal period in Note $1$ to its financial statements.$)$

Required:

Which of the two basic reporting approaches for the cash flows from operating activities did The Home Depot use?

$$ Direct

$$ Indirect

What amount of income tax payments did The Home Depot make during the year ended February $2,2020?$

$$44$ million

$$55$ million

$$3,220$ million

$$3,473$ million

In the fiscal year ended February $2,2020,$ The Home Depot generated $$13,723$ million from operating activities. Indicate where this cash was spent by listing the two largest cash outflows.

$$ Share Repurchase $($ $$6,965$ million$)$ and Cash Dividends $($ $$5,958$ million$)$

Share Repurchase $($ $$6,965$ million$)$ and Capital Expenditures $($ $$2,678$ million$)$

Long$-$Term Debt Repayments $($ $$1,070$ million$)$ and Share Repurchase $($ $$6,965$ million$)$

Net Earnings $($ $$11,242$ million$)$ and Share Repurchase $($ $$6,965$ million$)$